TDC Options History — August 2019

In August 2019, TDC traded between $29.88 and $35.81. ATM implied volatility averaged 34.0%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 9.6% (HV 20d: 43.6%). Max pain ranged from $35.00 to $37.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 2.90.

Notable Days

  • 2019-08-01: Highest Volume — 8,645 contracts
  • 2019-08-02: Largest IV drop — 38.3% change
  • 2019-08-01: Highest IV Rank — 67.6%
  • 2019-08-01: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.74$29.88$35.81$35.69$30.90
Max Pain$35.23$35.00$37.50$37.50$35.00
ATM IV34.0%29.0%52.3%52.3%33.0%
Expected Move9.5%8.3%15.0%15.0%9.5%
HV 20d43.6%26.0%49.5%26.0%38.6%
HV 60d31.4%25.2%33.3%25.2%33.3%
IV Rank29.5%19.2%67.6%67.6%27.5%
IV Percentile64.2%43.7%97.2%97.2%62.7%
Term Structure-1.4%-17.5%0.8%-17.5%-1.4%
VWIV32.0%17.2%53.2%53.2%30.4%
Skew 25d4.1%-5.7%7.0%7.0%5.6%
Skew 10d10.9%-5.9%18.4%18.4%16.7%
Call IV 25d31.5%26.7%51.3%51.3%28.7%
Put IV 25d35.7%27.4%58.3%58.3%34.3%
Bid-Ask Spread %63.7332.0185.9878.5671.24
Gamma HHI0.330.220.500.220.33
Net GEX-276.1K-663.7K-7.7K-443.6K-103.0K
Net DEX11.3M-469.3K23.9M9.3M8.0M
Net VEX-55.7K-73.3K-28.8K-73.3K-66.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.900.0030.502.471.00
Total Volume1,150.22748,6458,6454
Total OI18,453.72715,97021,09315,98621,093

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$35.69$37.5052.3%15.0%26.0%67.6%53.2%7.0%-17.5%-443.6K9.3M-73.3K2.4778.56N/AN/A2,4936,1526,6319,355
2019-08-02$32.95$37.5032.3%9.3%37.9%26.0%33.0%-5.7%-0.4%-645.1K23.9M-60.2K2.4585.98N/AN/A1,0632,6078,37312,108
2019-08-05$33.14$35.0038.1%10.0%37.7%38.2%33.2%4.0%-1.5%-663.7K22.7M-63.2K0.4358.31N/AN/A1,5026488,14311,925
2019-08-06$33.48$35.0035.8%9.4%37.9%33.3%28.9%5.8%-0.3%-541.5K19.3M-67.5K10.8667.34N/AN/A141529,59411,232
2019-08-07$34.15$35.0032.8%8.6%38.9%27.2%29.8%5.2%-0.2%-598.2K16.7M-70.4K2.1677.09N/AN/A6981,5119,60811,342
2019-08-08$35.41$35.0029.0%8.3%41.1%19.2%29.0%4.9%0.2%-440.5K8.2M-73.1K0.4832.01N/AN/A582810,47110,278
2019-08-09$35.81$35.0032.0%8.8%41.0%25.5%17.2%4.3%-0.6%-59.7K-469.3K-73.1K0.7046.25N/AN/A10710,4828,258
2019-08-12$33.65$35.0043.7%9.8%46.3%49.8%33.4%6.7%-1.2%-325.3K10.4M-59.7K0.0262.01N/AN/A1,1332510,4858,256
2019-08-13$33.90$35.0030.2%8.5%46.5%21.8%31.2%3.6%0.8%-284.8K8.1M-65.8K0.0769.52N/AN/A15111,6388,264
2019-08-14$32.75$35.0034.8%10.0%47.8%31.3%34.7%4.6%-2.3%-159.3K12.9M-56.2K0.5567.03N/AN/A1387611,6238,264
2019-08-15$32.84$35.0034.0%9.7%47.8%29.5%0.0%2.0%-1.8%-119.1K12.5M-57.9K7.4164.46N/AN/A2720011,7788,293
2019-08-16$33.35$35.0031.8%9.1%48.3%25.0%32.2%4.5%-0.3%-7.7K10.4M-58.1K0.6068.02N/AN/A352111,7958,132
2019-08-19$33.34$35.0030.7%8.8%47.9%22.8%29.7%6.0%0.1%-46.4K5.6M-55.4K0.1368.24N/AN/A961210,1495,864
2019-08-20$31.92$35.0030.2%8.7%49.5%21.7%32.1%2.7%0.1%-185.3K9.0M-44.6K0.7463.70N/AN/A1178710,1795,857
2019-08-21$31.82$35.0029.7%8.5%46.1%20.8%28.1%3.7%-0.2%-198.7K9.4M-42.4K2.0055.48N/AN/A112210,1935,907
2019-08-22$32.18$35.0029.7%8.5%46.5%20.7%29.8%4.3%-0.4%-149.5K8.2M-47.5K0.0053.44N/AN/A42010,2025,917
2019-08-23$31.41$35.0031.9%9.1%46.8%25.2%32.4%4.2%-1.2%-231.1K10.4M-38.7K0.1553.77N/AN/A661010,2185,917
2019-08-26$30.98$35.0034.4%9.9%46.8%30.4%32.0%4.6%-0.9%-223.4K10.5M-35.2K0.5268.41N/AN/A231210,2155,755
2019-08-27$30.27$35.0034.2%9.8%46.2%30.0%33.2%5.4%-1.5%-244.4K11.7M-30.3K30.5056.13N/AN/A824410,2265,746
2019-08-28$29.88$35.0033.7%9.7%46.2%29.0%36.2%4.3%-0.4%-243.2K12.5M-28.8K0.5370.35N/AN/A3,1001,64810,2275,942
2019-08-29$30.45$35.0033.1%9.5%46.5%27.6%30.4%3.4%-0.7%-160.2K10.2M-56.5K0.0464.76N/AN/A1,1385113,3046,743
2019-08-30$30.90$35.0033.0%9.5%38.6%27.5%0.0%5.6%-1.4%-103.0K8.0M-66.8K1.0071.24N/AN/A2214,3526,741